Citizens Financial Group, Inc. (CFG) SEC Filings & Earnings Calls

TBV per share declined 6.6% QoQ due to securities portfolio unrealized losses

“TBV/share of $35.78, down 6.6% QoQ from $38.29”

Nonaccrual loans ratio increased slightly QoQ

“Nonaccrual loans and leases to loans and leases 0.99% vs 0.97% QoQ”

Commercial real estate exposure

“Commercial real estate criticized balances of $3.1 billion at June 30, 2026 decreased from $3.7 billion at December 31, 2025.” · word for word

Mortgage banking fee volatility

“Mortgage banking fees decreased primarily driven by lower MSR valuation results, net of hedge impact.” · word for word

Regulatory capital rule changes

“The revised standardized approach proposal would modify risk-based capital requirements by introducing a broader range of risk weights for residential mortgages based on more granular risk factors and reducing risk weights for certain other exposures.” · word for word

Interest rate sensitivity

“Our balance sheet is slightly asset sensitive; net interest income would benefit from an increase in interest rates, while exposure to a decline in interest rates is within limits established and monitored by senior management.” · word for word

Dividend restrictions on common stock if preferred dividends not paid.

“ability of the Registrant to declare or pay dividends on, or purchase, redeem or otherwise acquire, shares of its common stock ... will be subject to certain restrictions” · word for word

Offering subject to market conditions; no assurance of completion.

“The pricing of the Offering, and thus whether the redemption of the Series G Preferred Stock will occur, is subject to market conditions and other considerations.” · word for word

Deposit costs continue to rise, albeit modestly

“Total deposit costs well controlled, up 3 bps QoQ” · word for word

CET1 ratio slightly declined YoY from 10.6% to 10.4%

“CET1 10.4% vs 10.6% YoY”

Interest rate sensitivity remains a risk

“The balance sheet is slightly asset sensitive; net interest income would benefit from an increase in interest rates, while exposure to a decline in interest rates is within limits.”

Commercial real estate criticized balances stable but elevated

“Commercial real estate criticized balances of $3.6 billion at March 31, 2026 remained stable compared to December 31, 2025.” · word for word

Regulatory changes could impact capital

“The revised standardized approach proposal would modify risk-based capital requirements... We continue to monitor developments related to these proposals.” · word for word

Geopolitical tensions and macro uncertainty could pressure future performance.

“notwithstanding heightened geopolitical tensions and uncertainty in the macro environment” · word for word

Noninterest expense increased 3% QoQ, partly due to seasonality and investments.

“Noninterest expense 1,378 1,343 1,314” · word for word

Shareholder Dissatisfaction with Compensation

“During the last two years, support for our say-on-pay proposal has reflected a decrease in support (approximately 59% in 2025 and 63% in 2024) as compared to historic support levels averaging over 93%.” · word for word

Key Person Retention Risk

“The Compensation and HR Committee believed the awards were necessary to retain a strong pool of CEO candidates in light of an extremely competitive market for executive talent.” · word for word

Interest Rate Sensitivity

“The effect of changes in interest rates on our net interest income, net interest margin, mortgage originations, mortgage servicing rights, and mortgages held for sale.” · word for word

Economic Downturn Sensitivity

“Negative economic, business, and political conditions, including as a result of the interest rate environment, supply chain disruptions, tariffs, inflationary pressures, and labor shortages that adversely affect the general economy, housing prices, the job market, consumer confidence, and spending habits.” · word for word

Regulatory Compliance Cost

“As a BHC with over $100 billion in total consolidated assets, we are currently subject to enhanced prudential standards and associated capital and liquidity rules ('Tailoring Rules').” · word for word

Increased leverage from debt issuance, though subordinated and fixed-rate.

“Issuance of $400M subordinated notes increases debt burden.”

Credit loss provision remains elevated but declining

“Provision for credit losses $137 million, down from $154 million QoQ and $162 million YoY”

Share count declining due to buybacks may pressure liquidity

“Average diluted shares 434.1M, down from 444.8M YoY”

Commercial Real Estate Exposure

“Commercial real estate criticized balances of $4.0 billion at September 30, 2025 decreased from $4.5 billion at December 31, 2024, attributable to office, multifamily, and industrial loan upgrades driven by improved leasing and operating performance, credit-enhanced extensions, pending sales, and refinancing activity, along with net charge-offs in the genera” · word for word

Non-Core Portfolio Runoff Execution

“Retail reflects a $1.1 billion decrease driven by an agreement entered into during the first quarter to sell $1.9 billion of Non-Core education loans. The decrease in retail is also attributable to runoff of the Non-Core portfolio, partially offset by growth in home equity and mortgage, including the Private Bank.” · word for word